The benefits of the Trump tax cuts have been powerful and broad. A whopping 82 percent of middle-class Americans saw a tax cut last year, with an average savings of more than $1,260.
Finally, the Trump tax cuts doubled the child tax credit, saving working families an estimated $100 billion.
"Yet as the first tax filing season under the new law wraps up on Monday, taxpayers are skeptical. A survey conducted in early April for The New York Times by the online research platform SurveyMonkey found that just 40 percent of Americans believed they had received a tax cut under the law. Just 20 percent were certain they had done so. That's consistent with previous polls finding that most Americans felt they hadn't gotten a tax cut, and that a large minority thought their taxes had risen - though not even one in 10 households actually got a tax increase," Casselman and Tankersley reported.
If America has benefitted from the Trump tax cuts, why do so many Americans think they're losing out? Even The New York Times had to admit this is the result of liberal bias: "To a large degree, the gap between perception and reality on the tax cuts appears to flow from a sustained - and misleading - effort by liberal opponents of the law to brand it as a broad middle-class tax increase."
Democrats pushed a sustained public misinformation campaign, branding the tax cuts a "GOP Tax Scam." Amid suggestions that Americans have no property rights, they noted that long-term projections suggested Americans' taxes will increase in 2026, when temporary provisions of the law expire.
This is standard practice, and most tax cuts are extended, but Democrats falsely claimed that the Trump tax cuts were actually a tax increase.
Gullible media outlets and activists, anxious to paint Trump in the worst of all possible lights, leapt to repeat these false talking points, even as Americans overwhelmingly benefitted from the tax cuts.
https://pjmedia.com/trending/what-the-left-doesnt-want-you-to-know-about-trumps-tax-cuts/
Finally, the Trump tax cuts doubled the child tax credit, saving working families an estimated $100 billion.
"Yet as the first tax filing season under the new law wraps up on Monday, taxpayers are skeptical. A survey conducted in early April for The New York Times by the online research platform SurveyMonkey found that just 40 percent of Americans believed they had received a tax cut under the law. Just 20 percent were certain they had done so. That's consistent with previous polls finding that most Americans felt they hadn't gotten a tax cut, and that a large minority thought their taxes had risen - though not even one in 10 households actually got a tax increase," Casselman and Tankersley reported.
If America has benefitted from the Trump tax cuts, why do so many Americans think they're losing out? Even The New York Times had to admit this is the result of liberal bias: "To a large degree, the gap between perception and reality on the tax cuts appears to flow from a sustained - and misleading - effort by liberal opponents of the law to brand it as a broad middle-class tax increase."
Democrats pushed a sustained public misinformation campaign, branding the tax cuts a "GOP Tax Scam." Amid suggestions that Americans have no property rights, they noted that long-term projections suggested Americans' taxes will increase in 2026, when temporary provisions of the law expire.
This is standard practice, and most tax cuts are extended, but Democrats falsely claimed that the Trump tax cuts were actually a tax increase.
Gullible media outlets and activists, anxious to paint Trump in the worst of all possible lights, leapt to repeat these false talking points, even as Americans overwhelmingly benefitted from the tax cuts.
https://pjmedia.com/trending/what-the-left-doesnt-want-you-to-know-about-trumps-tax-cuts/
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